Do You Want A Pay Raise?

When we perform well at work, most of us expect that our bosses will reward us with a bonus or a pay raise.   Sometimes it can be very elusive on how to actually get an increase in your paycheck, but wouldn’t it be great to know how you could control your destiny.   This doesn’t mean having to suck up for your mid-year review or make a mad dash to sell in the 4th quarter.   For certain, we don’t want to end up like Clark Griswold and open our bonus paychecks only to find out we were enrolled in the Jelly of the Month Club.    Actually, recent studies have shown that exercise can have a dramatic impact on whether you get a pay raise at work even though it’s never written in any manual or book at work.

Vasilios Kosteas, economics professor at Cleveland State University and the study’s author, told SmartMoney that his study shows that exercise leads to higher pay, since the study compares workers with a similar propensity to exercise.  Attractiveness is associated with higher pay, according to several studies. For women, obesity is associated with an 18 percent wage reduction, one study found. (source: huffingtonpost.com).    The study found overall that workers that exercise on a regular basis earn more 9% more than inactive workers.    Most of us were worried about gaining the freshman 15 when we went to college.   In a study done by Career Builder 44% of workers say they have gained weight in their current job.    Seems to make sense with these over bloated cafeterias in our workplaces and fast food all around us when we go out to eat.  So what can you do about this?

START AT THE WORKPLACE  – Start at the office. A health club can cost more than $500 a year, but your health plan may give you a break. Customers in 23 Blue Cross/Blue Shield plans (see blue365deals.com for details) can buy memberships for only $300 a year.

JOIN FORCES WITH OTHERS AT WORK – Two-thirds of trainers lower their prices for groups, so team up with friends to request a per-person rate that’s 20% to 30% less than for a one-on-one session.

BUY A GYM – You can check out usedgymequipment.com for lower cost gear.  For less than $200, you can get a gym bag’s worth of essential exercise gear: dumbbells, resistance bands, a jump rope, and a fitness ball. Then use Nike’s free Training Club iPhone app to guide you through your workout.

In the movie Rocky IV, they played the song ‘No Easy Way Out’ which is one of my favorite motivational songs.    If you are really motivated to get a pay raise in the year ahead, it might actually be true that your job performance doesn’t carry 100% of the weight.   They say your bosses are always watching what you do.   Maybe exercising three times a week is just the cure to getting your income to go up while your weight goes down.

Visit oXYGenFinancial.net to request a consultation on how to make smart money moves for your future.

Written by:

Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®

Co-CEO and Founder of oXYGen Financial, Inc - The Leaders in Gen X & Y Financial Advice and Services

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TED JENKIN IS SECURITIES LICENSED THROUGH INVESTACORP, INC. A REGISTERED BROKER/DEALER MEMBER FINRA, SIPC.ADVISORY SERVICES OFFERED THROUGH INVESTACORP ADVISORY SERVICES, INC. A SEC REGISTERED INVESTMENT ADVISORY FIRM. Linked sites are strictly provided as a courtesy. Investacorp, Inc., and its affiliates, do not guarantee, approve nor endorse the information or products available at these sites nor do links indicate any association with or endorsement of the linked sites by Investacorp, Inc. and its affiliates.

About the author  ⁄ Ted Jenkin @ Your Smart Money Moves

Ted Jenkin has spent the past 23 years giving personal financial advice to thousands of people across the United States. After graduating from Boston College in 1991, Ted spent more than 16 years working for American Express Financial Advisors/Ameriprise Financial. He was one of the youngest people in the history of the company to reach both Field Vice President and Group Vice President level. He managed more than 800 financial advisors throughout 8 states in his last position with the company. In 2008, Ted founded oXYGen Financial to help revolutionize the financial services industry by creating a new company that focused on serving the X and Y Generation. oXYGen Financial now has more than 2,200 clients throughout 25 states across the country many coming from social media techniques. Ted has been featured in over 30 magazines and newspapers including the Wall Street Journal, Business Week, and The Huffington Post. He was on the cover of Registered Rep magazine and featured in the ‘what will financial planning look like in 2023’ article done by Financial Planning Magazine. He has six advanced designations from the College for Financial Planning (CFP®, CRPC®, CRPS®, AWMA®, AAMS®, CMFC®) and is an on air radio personality.

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